Indian equity benchmark -- Nifty -- ended lower on Thursday. Index made a negative start following broadly negative cues from global markets. US Fed chair Jerome Powell cuts interest rate by 25 basis point but indicated that it could be the last rate cut of 2025. Soon, index extended its losses and continued its trade in red. Selling from foreign investors dampened investors sentiments. Foreign institutional investors (FIIs) were net sellers of equity worth Rs 2,540.16 crore on Wednesday, as per exchange data. Besides, market participants overlooked Chief Economic Advisor V Anantha Nageswaran’s statement that the Indian economy has responded quite satisfactorily to global headwinds, and exuded confidence that real GDP growth is likely to touch 7 per cent in FY26. In afternoon session, market added more losses and continued its lackluster trade till the end of the session. Finally, index closed below 25,900 mark.

Most of the sectorial indices ended in red except realty stocks. The top gainers from the F&O segment were PB Fintech, Bharat Heavy Electricals and Aditya Birla Capital. On the other hand, the top losers were Vodafone Idea, Dr. Reddy's Laboratories and LIC Housing Finance. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 25900 - 26100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility increased by 0.79% and reached 12.07. The 50 share Nifty down by 176.05 point or 0.68% to settle at 25,877.85.

Nifty November 2025 futures closed at 26037.40 (LTP) on Thursday, at a premium of 159.55 points over spot closing of 25877.85, while Nifty December 2025 futures ended at 26216.70 (LTP), at a premium of 338.85 points over spot closing. Nifty November futures saw an addition of 16,234 units, taking the total open interest (Contracts) to 2,13,356 units. The near month derivatives contract will expire on November 25, 2025. (Provisional)

From the most active contracts, Larsen & Toubro November 2025 futures traded at a premium of 17.60 points at 4007.00 (LTP) compared with spot closing of 3989.40. The numbers of contracts traded were 38,105. (Provisional)

Vodafone Idea November 2025 futures traded at a premium of 0.05 points at 8.80 (LTP) compared with spot closing of 8.75. The numbers of contracts traded were 35,270. (Provisional)

Bharat Heavy Electricals November 2025 futures traded at a premium of 1.10 points at 263.00 (LTP) compared with spot closing of 261.90. The numbers of contracts traded were 34,656. (Provisional)

Canara Bank November 2025 futures traded at a premium of 0.67 points at 133.45 (LTP) compared with spot closing of 132.78. The numbers of contracts traded were 27,850. (Provisional)

HDFC Bank November 2025 futures traded at a premium of 6.15 points at 1006.10 (LTP) compared with spot closing of 999.95. The numbers of contracts traded were 23,529. (Provisional)

Among, Nifty calls, 26000 SP from the November month expiry was the most active call with an addition of 20,868 units open interests. Among Nifty puts, 26000 SP from the November month expiry was the most active put with an addition of 10,347 units open interests. The maximum OI outstanding for Calls was at 26000 SP (66,105 units) and that for Puts was at 26000 SP (67,064 units). The respective Support and Resistance levels of Nifty are: Resistance 25991.52 -- Pivot Point 25918.38 -- Support 25804.72.

The Nifty Put Call Ratio (PCR) finally stood at (1.14) for November month contract. The top five scrips with highest PCR on Petronet LNG (1.30), Eicher Motors (1.11), AU Small Finance Bank (1.09), Bharat Heavy Electricals (1.06) and SBI Life Insurance Company (1.06).

Among most active underlying Larsen & Toubro witnessed an addition of 5,623 units of Open Interest in the November month future, Canara Bank witnessed an addition of 640 units of Open Interest in the November month future, Bharat Heavy Electricals witnessed an addition of 56 units of Open Interest in the November month futures, Vodafone Idea witnessed an addition of 6,571 units of Open Interest in the November month futures and Aditya Birla Capital witnessed an addition of 3,326 units of Open Interest in the November month futures. (Provisional).